Hong Kong SAR, China: Ethanal Market 2022

Ethanal Market Size in Hong Kong SAR, China

In 2021, after seven years of growth, there was decline in the Hong Kong ethanal market, when its value decreased by -X% to $X. Overall, consumption recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2020, and then fell slightly in the following year.

Ethanal Production in Hong Kong SAR, China

In value terms, ethanal production dropped modestly to $X in 2021 estimated in export price. In general, production showed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020, and then declined slightly in the following year.

Ethanal Exports

Exports from Hong Kong SAR, China

After two years of decline, shipments abroad of ethanal (acetaldehyde) decreased by X% to less than X kg in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X kg in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ethanal exports stood at less than $X in 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X kg) and Indonesia (X kg) were the main destinations of ethanal exports from Hong Kong SAR.

From 2012 to 2018, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of X 2012 to 2018, the average annual growth rate of value to South Korea was relatively modest.

Export Prices by Country

In 2018, the average ethanal export price amounted to $X per ton, remaining constant against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked in 2018 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was South Korea ($X per ton), while the average price for exports to Indonesia totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%).

Ethanal Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of ethanal (acetaldehyde) increased by X% to X kg, rising for the fourth consecutive year after two years of decline. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ethanal imports fell modestly to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.

Imports by Country

The United States (X kg), Canada (X kg) and Thailand (X kg) were the main suppliers of ethanal imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) constituted the largest supplier of ethanal to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2021, the average ethanal import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform